Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (NO. 2) 2000 NO. 58, 2000 - SCHEDULE 9

Income Tax Assessment Act 1997

1 Subsection 4-10(3) (note at the end of step 4 of the method statement)

2 Before subsection 4-10(3A)

Excess tax offsets

3 Subsection 4-10(3A) (note)

Note: However, some tax offsets can be carried forward to a later year. See, for example:

* Division 65 of this Act, which deals with carrying forward excess tax offsets; and
* section 160AFE of the Income Tax Assessment Act 1936 , which deals with carrying forward excess foreign tax credits.

4 Before subsection 4-10(4)

Income tax worked out on another basis